Guizhou Taiyong-Changzheng Technology Co (SZSE:002927) ROCE % : 6.46% (As of Sep. 2024)

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What is Guizhou Taiyong-Changzheng Technology Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Guizhou Taiyong-Changzheng Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.46%.

Guizhou Taiyong-Changzheng Technology Co ROCE % Historical Data

The historical data trend for Guizhou Taiyong-Changzheng Technology Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Guizhou Taiyong-Changzheng Technology Co ROCE % Chart

Guizhou Taiyong-Changzheng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.51

12.64

11.68

7.49

7.82

Guizhou Taiyong-Changzheng Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															12.12	-2.89	6.93	8.07	6.46

Guizhou Taiyong-Changzheng Technology Co ROCE % Calculation

Guizhou Taiyong-Changzheng Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	84.611	/	( ( (1541.313 - 485.002)	+	(1602.276 - 494.997) )	/ 2 )
	=	84.611	/	( (1056.311	+	1107.279)	/ 2 )
	=	84.611	/	1081.795
	=	7.82 %

Guizhou Taiyong-Changzheng Technology Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	71.924	/	( ( (1756.293 - 645.766)	+	(1797.568 - 681.553) )	/ 2 )
	=	71.924	/	( ( 1110.527	+	1116.015 )	/ 2 )
	=	71.924	/	1113.271
	=	6.46 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Guizhou Taiyong-Changzheng Technology Co (SZSE:002927) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Guizhou Taiyong-Changzheng Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guizhou Taiyong-Changzheng Technology Co Ltd (SZSE:002927) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Waigaoqiao Industrial Park, Huichuan District, Guizhou Province, Zunyi City, CHN, 563000

Website

http://www.taiyong.net

Guizhou Taiyong-Changzheng Technology Co Ltd manufactures low-voltage electrical appliances in China. Its products include Universal circuit breakers, plastic shell circuit breakers, miniature circuit breakers, among others.

Executives

Cai Jian Sheng	Supervisors
Sheng Li Ping	Executives, directors
Huang Zheng Qian	Directors, executives
Wu Yue Ping	Director

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